CHARLOTTE, N.C.--(EON: Enhanced Online News)--Ridgemont Equity Partners, a middle market private equity investor,
today announced a new investment in Dickinson Fleet Services (“DFS,” or
the “Company”), a leading technology-enabled service provider in the
vehicle fleet maintenance industry. Financial terms of the transaction
were not disclosed.

“We are very pleased to partner with the management team and employees
of Dickinson Fleet Services”

Dickinson Fleet Services provides repair and maintenance services for
vehicle fleet owners and operators across the United States. The Company
operates a network of mobile technicians, in addition to 15 branch
locations and a national fleet maintenance program. DFS utilizes a
market-leading, proprietary software platform to manage all aspects of
fleets’ maintenance programs, streamlining communication and providing
comprehensive data to customers to allow for improved vehicle uptime and
enhanced operating cost control. The Company was founded in 1997 and is
headquartered in Indianapolis.

“Ridgemont has significant experience investing in transport aftermarket
businesses, most notably through our past involvement in Aurora Parts
and Accessories and FleetPride, as well as other distribution and
logistics investments,” said Jack Purcell, Partner at Ridgemont. “We
recognize first hand that fleet owners and operators can more
effectively manage their asset pools by outsourcing repair and
maintenance work and that mobile service offerings are becoming a more
important piece of this effort. Dickinson Fleet Services offers an
attractive customer value proposition through its technology-enabled
platform and flexible service model. Through organic growth and M&A
initiatives, we plan to aggressively expand the geographic footprint of
the Company, add new customers and enhance an already strong service
offering.”

“We are very pleased to partner with the management team and employees
of Dickinson Fleet Services,” Purcell further commented. “The founders
and senior management team have built an exceptional service-oriented
business over the past 20 years and have positioned the Company to meet
growing customer demand.”

In a joint statement, the founders and senior management team of
Dickinson Fleet Services, Bob Dickinson, Dick Dickinson, Mike Dickinson
and Ted Coltrain added: “We have an experienced, motivated team that has
driven our success and excellent growth over the last twenty years. We
are pleased to have selected Ridgemont as our partner for the next
chapter of DFS. The firm brings a wealth of resources and knowledge to
the Company at a time when our industry is at an inflection point. Our
joint plan to strategically invest in technology, mobile service
capabilities, acquisitions and additional locations will allow us to
increase our national presence and outpace our competition. Our team,
led by Ted and Mike going forward, will create tremendous opportunity
and growth for years to come.”

About Dickinson Fleet ServicesDickinson Fleet Services
(“DFS” or the “Company”) provides repair and maintenance services for
vehicle fleet owners and operators across the United States. The Company
operates a network of mobile technicians, in addition to 15 branch
locations and a national fleet maintenance program. DFS utilizes a
market-leading, proprietary software platform to manage all aspects of
fleets’ maintenance programs, streamlining communication and providing
comprehensive data to customers to allow for improved vehicle uptime and
enhanced operating cost control. The Company was founded in 1997 and is
headquartered in Indianapolis. www.dickinsonfleet.com

About Ridgemont Equity PartnersRidgemont Equity Partners is
a Charlotte-based middle market buyout and growth equity investor. Since
1993, the principals of Ridgemont have invested over $3.5 billion in 137
companies. The firm focuses on investments of $25 million to $100
million in industries in which it has deep expertise, including basic
industries and services, energy, healthcare, and
telecommunications/media/technology. www.ridgemontep.com

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